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DeVos and Education Dept. could face new sanctions for violating a court order | The Washington Post

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Project on Predatory Student Lending

Student Advocates Challenge DeVos’ Borrower Defense Rule | Press Release

Blog

2019: A Year of Student Victories And Holding Betsy DeVos Accountable | Update

My Student Loan Truth: Jared’s South University Story | Blog

When the Dream Center chain collapsed, thousands of students were left stranded and scammed of education. Jared Russell was one of them.

Student Advocates Announce Closed School Discharges for Over 30,000 Student Borrowers | Press Release

Student Defense and the Project on Predatory Student Lending issued statements today responding to the U.S. Department of Education’s confirmation that it had discharged loans for over 30,000 student borrowers under the automatic closed school discharge provision of the 2016 borrower defense rule. The discharges include roughly $95.1 million in relief for approximately 7,700 former students of the predatory for-profit college, ITT Tech.

Former Students of Defunct ITT Tech Receive $95.1 Million Loan Relief | Wall Street Journal

WASHINGTON—The Education Department is providing loan relief to some 7,800 former students of the ITT Technical Institute, with debts totaling $95.1 million being forgiven by the government years after the giant for-profit school chain closed. The department said that it has identified 7,878 former students of ITT Tech as eligible for a program in which loans are discharged automatically within three years of a school closure. Of those borrowers who attended the school, 7,697 had received loan forgiveness as of Jan. 3.

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Defrauded college students will no longer be taxed on their canceled loans | Washington Post

Student loan borrowers whose education debt has been canceled because their college closed or engaged in fraud will no longer face a tax bill, relief that arrives as applications for forgiveness continue to grow. On Wednesday, the Internal Revenue Service issued guidance shielding borrowers from having their discharged federal and private loans treated as taxable income. The measure is effective for education loans canceled on or after Jan. 1, 2016. Anyone affected by the new policy may claim a credit or refund for an overpayment of taxes.

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My Student Loan Truth: Lyndsie’s Art Institute Story | Blog

Lyndsie attended the Art Institute of California, where she was pressured into signing up for a design program and significant student loans. She soon realized that the school was a “joke” and her degree was worthless.

The Latest Reports on Betsy DeVos Scamming For-Profit College Students | Blog

ITT and Corinthian Borrowers Continue to Fight for Relief as the Department of Education Skirts the Law Every Step of the Way

Project on Predatory Student Lending Statement on Education Department’s Processing of Automatic Closed School Discharges For Former ITT Students | Press Release

The Project on Predatory Student Lending today issued the following statement after the U.S. Department of Education confirmed it has finally begun to process automatic closed school loan discharges for a select group of former students of the predatory for-profit college, ITT Tech.

Student Loan Truth: Jessica’s Art Institute Story | Blog

I’m beyond disappointed about the fact that the government isn’t doing anything to stop these schools from defrauding students in the first place. The fact that there is no protection for a vulnerable 21 year old signing a loan for the first time and being taken advantage of isn’t fair or responsible. You shouldn’t need a lawyer to be able to go to college.

Servicers Are Wrongly Denying Closed School Discharges to Art Institute of Phoenix Students. Why? | Blog

Borrowers are eligible for a closed school discharge as long as they didn’t complete their program or transfer credits to a comparable program and were enrolled within 120 days of the schools’ closure date—in this case, December 14, 2018.

Former for-profit college students will have $168 million in student debt cancelled | MarketWatch

More than 18,000 students who attended a now-defunct for-profit college will have $168 million in private loan debt discharged. The loan cancellation is part of a proposed deal between the Consumer Financial Protection Bureau, attorneys general of 43 states and the District of Columbia and Student CU Connect (or the CUSO), a company that held and managed private loans taken out by students at ITT Tech.

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